We bring together the theories of duality and dynamic programming. We show that the dual of a separable dynamic optimization problem can be recursively decomposed. We provide a dual version of the principle of optimality and give conditions under which the dual Bellman operator is a contraction...

In this paper we estimate the marriage market returns to being admitted to a higher ranked (i.e. more ”elite”) university by exploiting unique features of the Chilean university admission system.This system centrally allocates applicants based on their university entrance test score, which...